Finance rental renovations with Freddie Mac CHOICERenovation® — 85% LTV on purchase and rate/term refinance, LPA Accept, and escrowed rehab draws.
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Freddie Mac CHOICERenovation®
Investment Property
Yes. Freddie Mac CHOICERenovation® can finance purchase-and-renovate or rate/term refinance-and-renovate on 1-unit investment properties at up to 85% LTV on after-improved value — with LPA Accept underwriting and escrowed contractor draws.
Buying a tired rental and renovating after closing with cash or a HELOC stretches timelines and capital. Freddie Mac CHOICERenovation® can fund eligible repairs and upgrades in the first mortgage, sized on after-improved value so you borrow against the finished asset.
Investment Freddie Mac CHOICERenovation® is stricter than primary: higher down payments, stronger reserves, and investor overlays. One general contractor and escrow draws still control how rehab dollars are released.
Ryan and Steve compare Freddie Mac CHOICERenovation® investment financing with DSCR, bank-statement, and cash-out paths so you are not forcing the wrong product onto a rental deal.
Freddie Mac CHOICERenovation® keeps investment refinance at 85% — the same as purchase — so rate/term rehab refis are not forced into a lower leverage bucket.
Related Freddie Mac CHOICERenovation® guides and investment financing options to compare before you apply.
Ryan & Steve will compare Freddie Mac CHOICERenovation® at 85% LTV with DSCR and other investor options so you pick the cleanest path.
Freddie Mac CHOICERenovation® is a registered trademark of Freddie Mac. All loans are subject to credit and property approval. Program guidelines, LTV limits, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by Freddie Mac, Fannie Mae, HUD, or any government agency. Information is for educational purposes only and is not a commitment to lend.